Add Spending Limit

Defining spending limits is a crucial aspect of policy management, ensuring that you have control over the amount that can be sent to whitelisted addresses within a specified time frame. To set these spending limits, follow these steps:

  1. Access your settings and navigate to the Policy Management section.
  2. Click on "Add Policy Rules," and a pop-up window for policy creation will appear.
  1. Within the policy creation window, click on "Spending Limit."
  2. Select the specific wallet for which you want to configure the spending limit.
  3. Once you've selected the wallet, the spending limit configuration options will become visible.
  4. Here, you can enter the period for which the spending limit will apply, choosing between hours or days based on your preferences.
  5. Enter the amount in USD that you want to set as the cumulative total of tokens or coins that can be sent from the selected wallet within the chosen time period.
  6. Click on the "Next" button and proceed to approve. If the owner has set a minimum approval requirement greater than 1, another admin will need to review and approve the policy.

By following these steps, you'll be able to establish spending limits that align with your organization's financial goals and security requirements, ensuring responsible and controlled transactions to whitelisted addresses. This feature provides an essential layer of protection and transparency within your policy management system.